Cryptocurrency Prices On Oct 2: BTC Backtracks To $61K, Altcoins Mimic Volatility

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As a seasoned researcher with over a decade of experience in the dynamic world of finance and cryptocurrencies, I find myself constantly intrigued by the ever-changing landscape of digital assets. Today, the market seems to be following its usual rollercoaster ride, with Bitcoin (BTC) dipping below the $61K level and Ethereum (ETH), Solana (SOL), and XRP showing a turbulent action. However, EigenLayer (EIGEN) and FTX Token (FTT) emerged as the day’s top gainers, which is always an interesting development in this fast-paced industry.

Today’s cryptocurrency market has ignited another wave of speculation worldwide among investors. Bitcoin (BTC) dipped to around $61,000 today, while Ethereum (ETH), Solana (SOL), and XRP experienced volatile movements. Interestingly, EigenLayer (EIGEN) and FTX Token (FTT) have been the standout performers of the day.

Despite a decrease of 3.46%, the overall crypto market capitalization stands at approximately $2.17 trillion today. On the other hand, the total market volume saw an increase of 44.09% to reach $115.97 billion. Here’s a summary of some major cryptocurrencies in terms of market cap and their price movements for the day.

Cryptocurrency Prices Today: BTC, ETH, SOL, XRP Face Turbulence

Today, Bitcoin’s price dipped to approximately $61,000, while Ethereum fell below $2,500. In contrast, Solana (SOL) and Ripple (XRP) saw gains of 3%-5% in the last 24 hours. Notably, EIGEN and FTT were today’s top performers, rising around 8% over the same period. Let’s take a closer look at how some key coins fared today.

Bitcoin Price Today

The price of Bitcoin settled at approximately $61,867 yesterday, marking a nearly 3% decrease over the previous 24 hours. Its lowest and highest points during the day were $60,189.28 and $64,110.98 respectively. This downturn in Bitcoin’s performance today is notable as there was an outflow of around $242.53 million from Bitcoin ETFs between October 1st, according to Sosovalue data. However, Bitcoin’s dominance increased by 0.4% to reach 56.31%. Today its market cap stands at $1.22 trillion. Despite optimistic predictions of an ‘uptober’ rally, the broader market is currently experiencing a bearish trend for Bitcoin.

Ethereum Price Today

Today, the price of Ethereum dropped by more than 5% in the last 24 hours, and it’s now being traded at approximately $2,491. The day’s lowest and highest prices for Ethereum were $2,415.08 and $2,657.62 respectively. The total market value of Ethereum today was around $299.88 billion. In addition, Ethereum-based ETFs experienced a withdrawal of about $48.52 million, mirroring the coin’s downward trend over the past 24 hours.

Solana Price Today

Today, the value of Solana’s cryptocurrency dropped by 5%, settling at approximately $147. Its lowest and highest points during trading were $142.84 and $157.26 respectively. The total market cap of Solana today was around $68.94 billion, reflecting its current adherence to the wider market trends.

XRP Price Today

In the last 24 hours, the value of Ripple’s cryptocurrency has decreased by approximately 3%, falling to around $0.6019. The lowest and highest prices recorded within this period were $0.5843 and $0.6336 respectively. Currently, the market capitalization of XRP stands at roughly $34.01 billion.

Meme Coins Performances Today

In the meantime, just like the broader market, the meme coin sector also experienced a downturn. Today, Dogecoin‘s (DOGE) value dropped by around 8%, bringing its price down to $0.1079. Similarly, Shiba Inu‘s (SHIB) price fell approximately 8% in the last 24 hours, settling at $0.00001678.

Even PEPE, WIF, and BONK prices cracked 2%-9% over the past day.

Top Cryptocurrency Gainers Prices Today

FTX Token

In the last 24 hours, I’ve seen a significant jump of around 13% in the price of FTT, putting it at approximately $2.15 right now. The intraday range for this coin was quite dynamic, with its lowest point being $1.82 and peaking at $2.43.

EigenLayer

In the last day, EIGEN’s price has seen a modest increase of more than 10% and is now being traded at approximately $4.09. The lowest and highest points in the past 24 hours were marked at $3.52 (minimum) and $4.53 (maximum), respectively.

Wormhole

In the last 24 hours, the price has significantly increased by almost 4%, now standing at approximately $0.3208. Earlier today, its lowest point was around $0.2787, while its highest point reached $0.3222.

Top Cryptocurrency Losers Prices Today

Starknet

STRK price tanked nearly 15% over the past day and is currently trading at $0.3931. The coin’s intraday low and high were recorded as $0.3852 and $0.4672.

Injective

INJ price cracked nearly 14% over the past day and is currently trading at $20.99. Its 24-hour low and high were recorded as $20.40 and $24.60, respectively.

Arweave

As a researcher, I’m observing that my current investment in AR has experienced a significant drop of approximately 14% within the last 24 hours. At this moment, it’s being traded at around $19.72. Interestingly, the coin’s intraday range was quite dynamic, with the low reaching $18.99 and the high peaking at $23.69.

Additional analysis using hourly graphs has intensified worries among investors regarding the current crypto prices. During this period, the Bitcoin price dropped by 0.29%, and the Ethereum price decreased by 0.28%.

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2024-10-02 08:00